News

Ethiopia has agreed a memorandum of understanding with its Official Creditor Committee that formalises an initial debt ...
Ethiopia agreed a memorandum of understanding to restructure its loans with official creditors, formalizing a debt treatment ...
Some holders of Ethiopia’s Eurobond that’s due to mature in 2024 offered to extend maturity on the notes, people with knowledge of the matter said, requesting not to be identified because it ...
Ethiopia's official creditors expect to finalise within months a draft debt restructuring that gives the government more time to pay but stops short of an outright haircut, the co-chair of the ...
An informal group of international bondholders has proposed to Ethiopia's government to extend the maturity of the country's $1 billion eurobond issue coming due in 2024, three sources with direct ...
This default placed Ethiopia alongside other African nations like Ghana and Zambia, though Ethiopia’s overall debt burden – estimated at around $30bn – is relatively lower. Nonetheless, the default ...
Ethiopia's agreement with its bilateral creditors, other than China, to suspend debt payments until 2025 could be voided if the country does not secure an International Monetary Fund (IMF) loan by ...
PARIS, Dec 24 (Reuters) - Ethiopia will get a deadline extension for its debts, with a new deadline set at June 30, 2021, said the Paris Club of international creditors on Thursday.
External debt servicing, on the other hand, requires the accumulation of foreign currency reserves, which due to relatively low and volatile personal transfers and FDI inflows and consistently large ...
Under the deal, Ethiopia will get around $2.5 billion in debt service relief over the course of its International Monetary Fund programme, which runs out in 2028. "We reduce the stock of debt through ...
LONDON (Reuters) – An informal group of international bondholders has proposed to Ethiopia’s government to extend the maturity of the country’s $1 billion eurobond issue coming due in 2024 ...